Multiple Articles Forecasting what's to Come for the Housing Market

Realtor.com Article

Mortgage Interest Rates & Inventory is low. Thus good for buyers to afford a home purchase but even better for a sellers due to scarcity of homes. "Home prices are predicted to be more moderate than in years past. Realtor.com data suggest a 3.2% increase after finishing 2017 with a 5.5% year over year increase." LINK

WSJ Article

Mortgage Interest Rates are going to continue to rise this year. According to the Federal Reserve they will raise interest rates 3 times this year which makes it more difficult for homebuyers to afford purchasing a home. Thereby, these buyer setbacks can make it harder to sell a home so must sell soon as possible. LINK

"Low inventory in some national markets continues to pressure potential buyers into making bigger down payments to gain a competitive edge." LINK

Thriving economy to end. LINK

OC REGISTER

The longer the new tax plan is in effect the less likelihood of luxury home prices to rise. "NAR predicted CA price gains will be reduced almost 1 percent under the new tax plan. House prices will suffer under the tax plan."- Moody's Chief Economist Mark. LINK

"Rising demand and a shortage of homes for sale create upward price pressure. On the other, those are offset by an expected increase in mortgage rates and fewer buyers who can afford today's home prices. It's slowing down. The main reason is low affordability."- Economist and former Chapman University President Jim Doti. LINK

"There haven’t been this few options as a year began since 2013. Potential buyers must act quickly or face having the home they’re considering snapped up by others." LINK

INMAN

Economic stimulus will help with job creation and housing demand, but higher interest rates threaten to cut into housing affordability in 2018."- NAR Chief Economist Yun. LINK

Andrew Vargas